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FA1, same here. But on the same token, I don’t manage my own investments now because I have over 10 years in and understand behavioral bias when it comes to your own money.
OP, it just takes time. No certificate, designation, or license will get you there any faster.
Think of it this way. Fake it 'till you make it. At some point you will REALIZE that the time you've spent compiling failures AND successes have truly made you a valuable and trusted advisor. It takes years, if you're sufficiently humble and honest with yourself. Keep in mind that simply by daily immersion in the industry places you well ahead of the general population. Never be satisfied that you have accumulated all the knowledge and wisdom you'll ever need, as that day never comes. Simply keep your nose to the grindstone, taking well-earned vacations to avoid burnout. And, someday, you'll realize that you truly are confident in your abilities. Stay the course.
Have 5 years of experience now. Knowing what I know now I would never trust my finances with an advisor with less than 5 years of experience
Take a course in intro - mid - advanced finance. You'll be able to talk to actual finance theory with your clients and knowledge = trust. There are probably free courses out there, Khan academy maybe or free online Yale courses....they're out there. Warren buffet case studies and financial history. Stock market crashes - 2008 - Read liars poker. Watch the HBO Madoff movie, American psycho, wolf of Wall Street, boiler room. And read financial news daily! Knowledge is power. Know about Enron, Arthur Anderson. Financial theory.....
I tell people that I have no idea what I'm doing, and they laugh, thinking I'm kidding, but inside I'm laugh/crying because I'm not kidding. Jk I'm awesome
Sometimes I feel like I’m stumbling through this career. I just happen to be stumbling at a higher success rate than others.
It's called Imposter Syndrome and the struggle is real.
We’re all learning as we go along.
Yeah I agree I pretty much subscribe to our firm's equity allocation model for my own money. I also run all my ideas for my own money by a couple trusted colleagues.
Look up what FIGJAM means. ......FIGJAM!
Only happens when your a new broker and don’t know anything, time buying quality will make the difference, clients know that trees don’t grow to the sky but they have money coming due on a regular basis. Call them keep them informed and read everything you can on investing!